Westside Jefferson Business Park will be expanding, with new owner Redcar Properties planning to offer more offices in the future. Located at 10301-10335 W. Jefferson Boulevard, the business complex consists of three buildings totaling approximately 76,000 square feet of office space.
At the time of the sale the property was 93 percent leased.
According to UrbanizeLA, Developer Redcar Properties has shelled out $73.5 million to purchase a nearly four-acre office campus in Culver City.Redcar Properties intends to expand the amount of leasable space at the campus through incremental redevelopment over time.
The Jefferson Boulevard site sits just east of the large empty lot which the Coffee Bean & Tea Leaf has planned to develop into a 3.6-acre headquarters campus.
NantWorks, the parent company of the various bioscience firms helmed by Los Angeles Times owner Patrick Soon-Shiong, is also expanding its own campus at 9919 Jefferson Boulevard.
Elsewhere in Culver City, Redcar Properties is planning an approximately 17,000-square-foot office building in the Hayden Tract – one of numerous projects the company has planned throughout the Los Angeles area.